Saipem To Face Trial In Italy For Nigeria Bribery

Milan’s prosecutors opened an investigation in 2009 into more than $180 million in alleged bribes paid by the TSKJ consortium, of which Saipem was a member, from 1994 through 2004 in exchange for $6 billion worth of contracts to build liquefied natural gas facilities on Bonny Island in Nigeria. The trial is due to take place April 5.

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Corruption Currents, The Wall Street Journal’s corruption blog, digs into the ever-present and ever-changing world of corporate corruption. It is a source of news, analysis and commentary for those who earn a living by finding corruption or by avoiding it. Corruption Currents is written by Christopher. M. Matthews and Sam Rubenfeld and edited by Nick Elliott.

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